Wells Fargo (NYSE:WFC) analyst Nitin Kumar CFA maintained a Buy rating on Marathon Oil Corp (NYSE:MRO). on Friday, setting a price target of $22, which is approximately 40.49% above the present share price of $15.66.
Kumar CFA expects Marathon Oil Corp. to post earnings per share (EPS) of $0.23 for the fourth quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Marathon Oil, with an average price target of $20.81.
The analysts price targets range from a high of $29 to a low of $17.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $1.44 billion and a net profit of $346 million. The company's market cap is $12.19 billion.
According to TipRanks.com, Wells Fargo analyst Nitin Kumar CFA is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 12.1% and a 72.73% success rate.
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S. The International segment engages in oil and gas development and production across international locations primarily in Equatorial Guinea and the United Kingdom. The company was founded in 1887 and is headquartered in Houston, TX.